Harry Singer acquires 1,900 shares of Civista Bancshares, Inc. (NASDAQ: CIVB)


Civista Bancshares, Inc. (NASDAQ: CIVBGet a rating) Director Harry Singer bought 1,900 shares of the company in a trade dated Friday, June 17. The stock was purchased at an average price of $20.90 per share, for a total transaction of $39,710.00. Following the completion of the purchase, the director now owns 8,556 shares of the company, valued at approximately $178,820.40. The purchase was disclosed in a legal filing with the SEC, accessible via this link.

Action CIVB traded at $0.36 during Friday’s trading, reaching $21.02. The company had a trading volume of 416 shares, compared to its average volume of 26,045. Civista Bancshares, Inc. has a 12-month low of $20.10 and a 12-month high of 25.94 $. The company has a debt ratio of 0.55, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market capitalization of $306.68 million, a price-earnings ratio of 8.17 and a beta of 0.92. The company has a 50-day simple moving average of $21.50 and a 200-day simple moving average of $23.28.

Civista Bench Shares (NASDAQ: CIVBGet a rating) last released its results on Thursday, April 28. The bank reported earnings per share of $0.57 for the quarter, missing analyst consensus estimates of $0.60 per ($0.03). The company posted revenue of $30.58 million in the quarter, compared to $31.10 million expected by analysts. Civista Bancshares had a return on equity of 11.06% and a net margin of 29.29%. In the same period last year, the company earned $0.68 per share. Sell-side analysts expect Cavista Bancshares, Inc. to post earnings per share of 2.33 for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 25. Investors of record on Tuesday, May 10 received a dividend of $0.14 per share. The ex-dividend date was Monday, May 9. This represents a dividend of $0.56 on an annualized basis and a yield of 2.66%. Civista Bancshares’ dividend payout ratio is currently 22.13%.

Hedge funds have recently changed their stock holdings. Vanguard Group Inc. increased its position in Civista Bancshares by 0.7% during the first quarter. Vanguard Group Inc. now owns 680,374 shares of the bank worth $16,397,000 after buying an additional 4,800 shares last quarter. Dimensional Fund Advisors LP increased its stake in shares of Civista Bancshares by 4.6% during the first quarter. Dimensional Fund Advisors LP now owns 600,664 shares of the bank valued at $14,476,000 after purchasing an additional 26,426 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Civista Bancshares by 8.8% during the first quarter. The Manufacturers Life Insurance Company now owns 576,602 shares of the bank worth $13,896,000 after purchasing an additional 46,686 shares last quarter. Wellington Management Group LLP increased its position in shares of Civista Bancshares by 8.9% during the first quarter. Wellington Management Group LLP now owns 509,159 shares in the bank worth $12,271,000 after buying an additional 41,700 shares last quarter. Finally, State Street Corp increased its position in shares of Civista Bancshares by 3.2% during the fourth quarter. State Street Corp now owns 264,295 shares of the bank worth $6,449,000 after buying 8,310 more shares last quarter. 53.04% of the shares are held by hedge funds and other institutional investors.

Separately, StockNews.com upgraded Civista Banc shares from a “buy” rating to a “hold” rating in a Thursday, May 26 research report.

About Civista Bancshares (Get a rating)

Civista Bancshares, Inc operates as a financial holding company for Civista Bank which provides community banking services. The company collects a range of customer deposits; and offers commercial and agricultural, commercial and residential loans, agricultural real estate, construction, consumer and other real estate loans, and letters of credit.

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